Title Insurance Calculator
Use the First American Title Insurance Calculator to estimate your title insurance costs.
What Is Title Insurance?
You don’t want problems from prior ownerships to interfere with your rights to your property. And you don’t want to pay the potentially ruinous cost of defending your property rights in court.
A title insurance policy provides the best protection against potential title defects. These defects can remain hidden despite the most thorough search of public records. They can also remain despite the most careful escrow or closing.
A title insurance company agrees to reimburse you for a one-time premium. This covers loss due to defects existing prior to the issue date of your policy, up to the policy amount. And, should it be needed, the policy also provides for the cost of legal defense of your title.
Brandon W. Frazier, Attorney at Law, PLLC | 346 Scott Drive, McComb, Mississippi 39648
Frequently Asked Questions
Is title insurance required in Mississippi?
If you finance your purchase, your lender will require a lender’s policy protecting the loan amount. An owner’s policy protecting your equity is optional — but the lender’s policy does nothing for you personally, and the owner’s premium is a one-time cost that covers you for as long as you own the property.
How much does title insurance cost?
It is a one-time premium paid at closing, based on the purchase price for an owner’s policy or the loan amount for a lender’s policy, at premium rates filed by the title insurance underwriter. There is no annual renewal. The calculator on this page will give you an estimate for your transaction.
What does title insurance actually cover?
Defects that even a careful title search cannot find: forged or fraudulent deeds in the chain, unknown or undisclosed heirs, recording errors, undisclosed liens, and documents executed without authority. The policy pays covered losses up to the policy amount — and pays the cost of defending your title in court, which alone can justify the premium.
I bought my house years ago without an owner’s policy. Is it too late?
No — an owner’s policy can be issued after purchase, based on a current title examination. Owners often do this when they discover a problem was possible, before a refinance, or when planning to pass property to children.
Why buy title insurance if you already did a title search?
Because the search finds what is in the record; insurance covers what is not. A forged signature thirty years ago looks perfectly regular in the courthouse books. The search-plus-policy combination is the standard of protection for exactly that reason.